WPP PLC (NYSE:WPP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of WPP PLC (NYSE:WPP) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages have recently commented on WPP. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of WPP in a report on Thursday, July 10th. Wall Street Zen downgraded shares of WPP from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Kepler Capital Markets downgraded shares of WPP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Barclays reissued an “underweight” rating on shares of WPP in a research report on Thursday, July 10th.

WPP Stock Performance

NYSE:WPP opened at $26.76 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 4.48 and a beta of 1.01. The company’s 50-day moving average is $33.33 and its two-hundred day moving average is $38.42. WPP has a 1-year low of $26.48 and a 1-year high of $57.37.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WPP. Stifel Financial Corp boosted its stake in WPP by 0.4% during the 4th quarter. Stifel Financial Corp now owns 56,210 shares of the business services provider’s stock worth $2,889,000 after purchasing an additional 247 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in WPP by 4.1% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 10,660 shares of the business services provider’s stock worth $373,000 after purchasing an additional 420 shares during the period. Vident Advisory LLC boosted its stake in WPP by 8.0% during the 1st quarter. Vident Advisory LLC now owns 6,194 shares of the business services provider’s stock worth $235,000 after purchasing an additional 459 shares during the period. Assetmark Inc. boosted its stake in WPP by 88.3% during the 1st quarter. Assetmark Inc. now owns 996 shares of the business services provider’s stock worth $38,000 after purchasing an additional 467 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in WPP by 1.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 34,710 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 498 shares during the period. 4.34% of the stock is owned by hedge funds and other institutional investors.

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.